Lyft Earnings, long term viability and are they a poor man’s Uber?
Lyft reported another solid quarter but the stock tanked after hours and I candidly struggle to understand what they offer that Uber doesn’t? Lyft seems to be a one trick ride share pony that is destined for obsolescence once level 3 autonomous is ubiquitous. Uber on the other hand owns drizzly, largest alcohol delivery company, cornershop grocery delivery, postmates/Uber eats for food, drug and traditional delivery (think amazon light) and now transplace (top 3 freight company now part of Uber freight division.). They also own many equity stakes in multiple unicorn businesses and are just getting their flywheel going. Does Lyft have a real future if it’s not swallowed up by Uber or am I missing something that they have in the pipeline? Curious what peoples thoughts are on the business. Good luck.
once level 3 autonomous is ubiquitous - tell me in 2 decades how's that doing.
There is absolutely no reason for uber to buy lyft. If you simply turned lyft off all the demand and supply would go to uber. Why pay to become a monopoly target?
wtf you mean by solid quarter. since when is losing money solid.
Both uber and doordash have been getting solid quarters based on adjusted oompa loompa metrics for quite some time. Get used to it.
Amazon, solid relative to guided expectations, although I understand if you believe they should be measured and evaluated by a different set of metrics.
No, you get it just fine. Totally agree.